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ExlService Holdings, Inc.（EXLS）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是ExlService Holdings, Inc.的1.2倍（$629.9M vs $542.6M），Stride, Inc.净利率更高（14.1% vs 11.1%，领先3.0%），ExlService Holdings, Inc.同比增速更快（12.7% vs 2.7%），过去两年ExlService Holdings, Inc.的营收复合增速更高（11.5% vs 6.9%）
ExlService Holdings Inc.是全球知名的分析与数字解决方案服务商，服务覆盖保险、医疗健康、银行金融服务、媒体、零售等多个行业，总部位于纽约，在美国、欧洲、亚洲、拉美、澳大利亚、南非等地拥有超过5.4万名专业从业人员。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
EXLS vs LRN — 直观对比
营收规模更大
LRN
是对方的1.2倍
$542.6M
营收增速更快
EXLS
高出10.0%
2.7%
净利率更高
LRN
高出3.0%
11.1%
两年增速更快
EXLS
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $542.6M | $629.9M |
| 净利润 | $60.2M | $88.5M |
| 毛利率 | 38.6% | — |
| 营业利润率 | 14.4% | 20.5% |
| 净利率 | 11.1% | 14.1% |
| 营收同比 | 12.7% | 2.7% |
| 净利润同比 | 18.9% | 8.5% |
| 每股收益（稀释后） | $0.38 | $1.93 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EXLSLRN
| Q3 26 | — | $629.9M | ||
| Q4 25 | $542.6M | $631.3M | ||
| Q3 25 | $529.6M | $620.9M | ||
| Q2 25 | $514.5M | $653.6M | ||
| Q1 25 | $501.0M | $613.4M | ||
| Q4 24 | $481.4M | $587.2M | ||
| Q3 24 | $472.1M | $551.1M | ||
| Q2 24 | $448.4M | — |
净利润EXLSLRN
| Q3 26 | — | $88.5M | ||
| Q4 25 | $60.2M | $99.5M | ||
| Q3 25 | $58.2M | $68.8M | ||
| Q2 25 | $66.1M | $51.3M | ||
| Q1 25 | $66.6M | $99.3M | ||
| Q4 24 | $50.7M | $96.4M | ||
| Q3 24 | $53.0M | $40.9M | ||
| Q2 24 | $45.8M | — |
毛利率EXLSLRN
| Q3 26 | — | — | ||
| Q4 25 | 38.6% | 41.1% | ||
| Q3 25 | 38.5% | 39.0% | ||
| Q2 25 | 37.7% | 36.6% | ||
| Q1 25 | 38.6% | 40.6% | ||
| Q4 24 | 38.1% | 40.8% | ||
| Q3 24 | 37.8% | 39.2% | ||
| Q2 24 | 37.1% | — |
营业利润率EXLSLRN
| Q3 26 | — | 20.5% | ||
| Q4 25 | 14.4% | 23.3% | ||
| Q3 25 | 14.4% | 11.1% | ||
| Q2 25 | 15.8% | 8.7% | ||
| Q1 25 | 15.7% | 21.3% | ||
| Q4 24 | 14.8% | 21.3% | ||
| Q3 24 | 14.7% | 8.6% | ||
| Q2 24 | 13.7% | — |
净利率EXLSLRN
| Q3 26 | — | 14.1% | ||
| Q4 25 | 11.1% | 15.8% | ||
| Q3 25 | 11.0% | 11.1% | ||
| Q2 25 | 12.8% | 7.9% | ||
| Q1 25 | 13.3% | 16.2% | ||
| Q4 24 | 10.5% | 16.4% | ||
| Q3 24 | 11.2% | 7.4% | ||
| Q2 24 | 10.2% | — |
每股收益（稀释后）EXLSLRN
| Q3 26 | — | $1.93 | ||
| Q4 25 | $0.38 | $2.12 | ||
| Q3 25 | $0.36 | $1.40 | ||
| Q2 25 | $0.40 | $0.96 | ||
| Q1 25 | $0.40 | $2.02 | ||
| Q4 24 | $0.31 | $2.03 | ||
| Q3 24 | $0.33 | $0.94 | ||
| Q2 24 | $0.28 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $328.4M | $614.0M |
| 总债务越低越好 | $298.6M | $417.6M |
| 股东权益账面价值 | $912.7M | $1.6B |
| 总资产 | $1.7B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资EXLSLRN
| Q3 26 | — | $614.0M | ||
| Q4 25 | $328.4M | $625.7M | ||
| Q3 25 | $390.1M | $715.1M | ||
| Q2 25 | $353.3M | $985.3M | ||
| Q1 25 | $331.4M | $723.7M | ||
| Q4 24 | $340.6M | $717.5M | ||
| Q3 24 | $325.8M | $522.2M | ||
| Q2 24 | $276.1M | — |
总债务EXLSLRN
| Q3 26 | — | $417.6M | ||
| Q4 25 | $298.6M | $417.2M | ||
| Q3 25 | $354.8M | $416.8M | ||
| Q2 25 | $260.0M | $416.3M | ||
| Q1 25 | $307.3M | $415.9M | ||
| Q4 24 | $288.5M | $415.5M | ||
| Q3 24 | $344.7M | $415.1M | ||
| Q2 24 | — | — |
股东权益EXLSLRN
| Q3 26 | — | $1.6B | ||
| Q4 25 | $912.7M | $1.5B | ||
| Q3 25 | $952.4M | $1.5B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $929.9M | $1.3B | ||
| Q3 24 | $907.6M | $1.2B | ||
| Q2 24 | $852.6M | — |
总资产EXLSLRN
| Q3 26 | — | $2.4B | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | — |
负债/权益比EXLSLRN
| Q3 26 | — | 0.25× | ||
| Q4 25 | 0.33× | 0.27× | ||
| Q3 25 | 0.37× | 0.27× | ||
| Q2 25 | 0.25× | 0.28× | ||
| Q1 25 | 0.30× | 0.29× | ||
| Q4 24 | 0.31× | 0.32× | ||
| Q3 24 | 0.38× | 0.34× | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $117.4M | $117.0M |
| 自由现金流经营现金流 - 资本支出 | $106.5M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | 1.95× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $298.1M | — |
8季度趋势，按日历期对齐
经营现金流EXLSLRN
| Q3 26 | — | $117.0M | ||
| Q4 25 | $117.4M | $91.8M | ||
| Q3 25 | $120.7M | $-195.8M | ||
| Q2 25 | $109.4M | $298.3M | ||
| Q1 25 | $3.2M | $53.1M | ||
| Q4 24 | $105.3M | $223.4M | ||
| Q3 24 | $110.1M | $-142.0M | ||
| Q2 24 | $74.9M | — |
自由现金流EXLSLRN
| Q3 26 | — | — | ||
| Q4 25 | $106.5M | $91.6M | ||
| Q3 25 | $106.4M | $-196.1M | ||
| Q2 25 | $95.0M | $297.9M | ||
| Q1 25 | $-9.7M | $52.9M | ||
| Q4 24 | $95.3M | $222.9M | ||
| Q3 24 | $97.3M | $-142.7M | ||
| Q2 24 | $62.8M | — |
自由现金流率EXLSLRN
| Q3 26 | — | — | ||
| Q4 25 | 19.6% | 14.5% | ||
| Q3 25 | 20.1% | -31.6% | ||
| Q2 25 | 18.5% | 45.6% | ||
| Q1 25 | -1.9% | 8.6% | ||
| Q4 24 | 19.8% | 38.0% | ||
| Q3 24 | 20.6% | -25.9% | ||
| Q2 24 | 14.0% | — |
资本支出强度EXLSLRN
| Q3 26 | — | — | ||
| Q4 25 | 2.0% | 0.0% | ||
| Q3 25 | 2.7% | 0.0% | ||
| Q2 25 | 2.8% | 0.1% | ||
| Q1 25 | 2.6% | 0.0% | ||
| Q4 24 | 2.1% | 0.1% | ||
| Q3 24 | 2.7% | 0.1% | ||
| Q2 24 | 2.7% | — |
现金转化率EXLSLRN
| Q3 26 | — | 1.32× | ||
| Q4 25 | 1.95× | 0.92× | ||
| Q3 25 | 2.08× | -2.85× | ||
| Q2 25 | 1.66× | 5.81× | ||
| Q1 25 | 0.05× | 0.53× | ||
| Q4 24 | 2.08× | 2.32× | ||
| Q3 24 | 2.08× | -3.47× | ||
| Q2 24 | 1.63× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EXLS
| Insurance | $185.8M | 34% |
| Healthcare And Life Sciences | $142.2M | 26% |
| Banking Capital Markets And Diversified Industries | $122.6M | 23% |
| International Growth Markets | $92.0M | 17% |
LRN
| General Education | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
